Monday, February 17, 2014 12:13:03 AM
Maybe I'm wrong. I kinda hope I'm wrong. If I'm not, then Horizon has all the access they need to CERP's inner workings and knows for sure CERP has fired everybody, the plant is shut down, and there is no "discernible operating capital".
The only remote chances CERP has out of this mess, as I see it, are 2 fold:
1.) A combination of the R/S and subsequent dilution with the MammaCangura contract is enough to sway the judge that there at least WILL BE operating capital in the near future, even though there is none now.
2.) Horizon wins and CERP disappears as we know it, either completely, or taken over by another set of management.
IMHO, the chances of CERP getting new financing is dismally small. A significant feature of bankruptcy is the ruin of one's credit standing. They'd have to find a super risk taking creditor, and any creditor like that is bound to trap them in something similar to or worse than what Magna, Horizon, Ironridge et al had offered.
The knife is about 2 milimeters from CERP's throat right now. This is better than soap operas!
Recent HGYN News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:52:06 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 06:02:26 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM